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Europe Coffee Market To Reach USD 69.79 Billion By Year 2032

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16-04-2024

Europe Coffee Market To Reach USD 69.79 Billion By Year 2032

Europe's Coffee Market Size Was Valued at USD 43.98 Billion in 2023, and is Projected to Reach USD 69.79 Billion by 2032, Growing at a CAGR of 5.45% From 2024-2032.

AkViS Intelligence LLP

Europe's Coffee Market Size Was Valued at USD 42,947.98 Million in 2023, and is Projected to Reach USD 69,240.79 Million by 2032, Growing at a CAGR of 5.45% From 2024-2032.

Coffee, derived from roasted espresso beans, presents a rich, dark beverage with a slightly acidic and bitter taste. Its invigorating effect is primarily attributed to the presence of caffeine. Globally, coffee holds a prominent position in the hot beverage market.

The production process involves sourcing unroasted green coffee beans from the separated seeds of the Coffee plant's fruits. After roasting, these beans are ground into fine particles, steeped in hot water, filtered, and transformed into the popular beverage known as coffee. While traditionally served hot, there is also a growing demand for chilled or iced coffee. As a key agricultural export, coffee supports numerous plantations and roasters. The beverage has gained significant traction among the younger demographic in the past decade, driven by increased disposable income and an elevated standard of living, leading to a surge in premium coffee consumption.

Europe commands a substantial share, approximately one-third, of the global coffee market. While consumption is expected to stabilize in the long term, Europe remains an attractive destination for coffee exporters. The burgeoning specialty coffee market in Europe presents lucrative opportunities, particularly for those emphasizing quality over price and fostering enduring business relationships.

 Top Key Players Covered in The Europe Coffee Market:

  • Lavazza
  • Jacobs Douwe Egberts
  • Nestlé
  • Melitta Group
  • Strauss Group
  • Tchibo
  • Julius Meinl
  • Löfbergs, and Other Major Players

Market Dynamics and Factors:        

The European coffee market has experienced a significant transformation due to a burgeoning taste for specialty coffee among consumers. This shift in preference towards specialty coffee is reshaping the industry landscape and driving considerable growth.The demand for specialty coffee in Europe reflects a deeper appreciation for the craft and artistry behind coffee production. Consumers are increasingly interested in the origin, quality, and unique Flavors of coffee beans. They seek distinctive and premium experiences, fueling the growth of specialty coffee shops and roasteries that cater to these preferences. This trend has propelled a wave of innovation and diversity in the market, offering a wide array of single-origin beans, artisanal blends, and brewing techniques.

The rise of specialty coffee signifies a shift from quantity-focused consumption to a focus on quality. European consumers are more discerning, valuing the characteristics of coffee beans, including their flavor profiles, processing methods, and ethical sourcing practices. This emphasis on quality has prompted greater collaboration between coffee producers, importers, and retailers to ensure transparency and traceability in the supply chain.

 The Europe Coffee Market Report Highlight:

  • By Product Type, Instant Coffee segment is expected to dominate the market. Instant coffee offers unparalleled convenience. It's quick and easy to prepare just add hot water and stir. For busy individuals or those on the go, this convenience is a huge selling point. instant coffee has a significantly longer shelf life. It doesn’t go stale quickly, making it a practical choice for people who don't consume coffee regularly or in large quantities.
  • By Variety, Arabica segment hold the largest market share Arabica coffee, known for its superior quality and distinct flavor profile, has been gaining significant traction in the market. Its popularity stems from a combination of factors, primarily its delightful taste characterized by nuanced acidity, pleasant sweetness, and varied aroma notes, ranging from fruity to floral.
  • By Country, Germany has a robust coffee culture deeply ingrained in its social fabric. The country boasts a strong tradition of coffee consumption, with a high per capita consumption rate. Coffee isn't just a beverage in Germany; it's a ritual, a social connector, and an integral part of daily life. This consistent and widespread coffee consumption forms the foundation of Germany's dominance in the market.

Key Industry Development:

  • In June 2023, Löfbergs launched a new line of organic and Fairtrade certified instant coffees, responding to the growing demand for ethical and sustainable coffee options.
  • In October 2023, Nestlé announced a new partnership with the Rainforest Alliance to promote sustainable coffee sourcing in Europe. This initiative aims to support responsible farming practices and improve livelihoods for coffee farmers.

The Europe Coffee Market Segmentation:

By Product Type        

    • Whole Bean Coffee
    • Ground Coffee
    • Instant Coffee
    • Coffee Pods
    • Capsules

By Variety      

    • Arabica
    • Robusta
    • Canephora

 By Distribution Channel      

    • On Trade
    • Off Trade

For this report, AkVis Intelligence has segmented the Europe Coffee Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

  • The U.S.
  • Canada
  • Mexico

Eastern Europe

  • Russia
  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

  • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Rest of Western Europe

Asia Pacific

  • China
  • India
  • Japan
  • Singapore
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

  • Turkey
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

  • Brazil
  • Argentina
  • Rest of SA
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T. Kumbhar
Author Information

T. Kumbhar is a Senior Market Research Consultant at IMR, specializing in Agro-Chemicals, Food Tech, Consumer Goods, and more. With four years of experience, he delivers market insights, competitive analysis, and data-driven business strategies.